Lenovo to drop IBM brand

Lenovo, the world's fourth largest PC maker, plans to phase out the IBM brand to which it acquired rights when it purchased IBM's PC division three years ago. Lenovo sales rose 20% to $4.4bn in the third quarter of 2007 compared to the same period a year ago, while profits surged 178% to $105m, suggesting that Lenovo's efforts to merge itself with the former IBM PC division have finally succeeded. "By making substantial progress on all of our critical priorities over the past few quarters, we are now a stronger, healthier company. One important sign of this progress is our decision to completely transition our Think products from the IBM brand to the Lenovo brand two years earlier than planned," said Lenovo chief executive William Amelio.

News source: vnunet

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